Tags : Drop

Regulation

30 Bitcoin miners receive license in Iran amidst BTC hashrate

Thirty Bitcoin mining farms in Iran received operational licenses last week as the government softened its stance on the crypto market, local outlet Financial Tribune reported. Bitcoin mining, for the uninitiated, uses up a massive computing system that solves millions of complex calculations each second to validate transactions on the Bitcoin network (a process known […]Read More

Bitcoin

Investor who predicted a $400,000 Bitcoin is now calling for

Scott Minerd, chief investment officer of famed investment firm Guggenheim Partners’, says Bitcoin (BTC) could see a 50% drop in the near term as it’s run ‘too far, too fast.’ He made the comments in an appearance on CNBC show Worldwide Exchange yesterday. Guggenheim made it to the crypto history books last year after putting […]Read More

Bitcoin

Bitcoin Rising Wedge Pattern May Bring Trouble for Bulls; Drop

Bitcoin failed to shoot past $50,000 on Sunday despite a growing bullish sentiment towards the said upside target. Instead, the benchmark cryptocurrency alerted about a potential bearish reversal after forming what the technical chartists call a “Rising Wedge” pattern. The BTC/USD exchange rate inched higher in recent days while leaving behind a trail of higher […]Read More

Market

XRP Erases SEC-Led Drop as Supporters Pump Price Over $0.60

Payments-focused cryptocurrency XRP jumped to over two-month highs on Monday. The move more than reversed the late-December price slide triggered by legal troubles at the San Francisco-based payment protocol developer Ripple Labs, which has close ties to the digital asset.  XRP rose to a high of $0.6836 during the European trading hours, its highest level […]Read More

Market

Market Wrap: Bitcoin Descends to $31K as Ether Funding Rates

Bitcoin has suffered two straight days of selling, bringing the price close to below $31,000. Also, ether funding rates for leveraged positions are cooling after a very heated few weeks. Bitcoin (BTC) trading around $31,850 as of 21:00 UTC (4 p.m. ET). Slipping 8.9% over the previous 24 hours. Bitcoin’s 24-hour range: $31,006-$35,656 (CoinDesk 20) […]Read More

Market

Bitcoin’s Big Drop Again Coincides With Dollar Bounce in Forex

Bitcoin continues to trade in the opposite direction to the Dollar Index in a reflection of the cryptocurrency’s maturation as a macro asset like gold. The top cryptocurrency by market value slumped to $32,400 early on Monday, having set record highs above $41,800 on Friday. The crash came alongside a bounce in the Dollar Index […]Read More

Market

Bitcoin Bounces Back Above $31K After Monday’s Drop

Bitcoin is trading higher on Tuesday, and the bull market is looking less overheated than it did a day ago. At press time, the top cryptocurrency by market value is changing hands near $31,590, representing a 5% gain on a 24-hour basis. Bitcoin had dipped by 15% to near $28,000 during Monday’s European trading hours. […]Read More

Bitcoin

Bitcoin Rally is Losing Steam as Key Factors Forecast a

Bitcoin has been caught within the throes of a wild uptrend throughout the past few weeks, with each dip being aggressively bought This has allowed it to see fairly steady gains, with sellers being unable to gain any real control over its price action Just today, the crypto set fresh all-time highs as its price […]Read More